“Daimler beat VW to making voluntary disclosure“
German carmaker Daimler was the first of the five major companies accused of forming a cartel to voluntarily disclose their activities to the authorities - anticipating a similar move by competitor and alleged accomplice VW, Thomas Fromm, Georg Mascolo and Klaus Ott write in Süddeutsche Zeitung. The self-indictment might help Daimler to avoid sanctions, should the EU Commission decide to impose a fine for illicit agreements made on suppliers, prices and technology, the article says. VW could only hope to get 50 percent off a possible fine if its own voluntary disclosure provided “evidence with substantial added value”, the authors write.
Read the article in German here.
See this CLEW article for Reactions to the allegations over a German carmaker cartel.